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. we don't have that here. >> i hope we are not on the air in france and germany. you are killing these poor people. >> they are killing themselves. look at their numbers. want you want to have them. >> they are happy except for millionaire necessary france. >> which is why they are leaving for belgium which is a tax-haven. 75 or 85 percent. ments to work there? last word from steve. a push to ring in the new year with a mileage tax. will it drive your economy off of the cliff? >> and colleges cashing in. they are collecting more application fees and not letting more students in. >> college is maching an increase . critucs call it a money grab. that is it a flip side. they have stocks set to >> believe it or not, colleges are enticing more kid toz apply to their schools and admittinga fewer students in their schools. they do it to make themselves look more exclusive. not only are they doing to to boost the national ranking but it is it a cash grab. and john is okay with this. it is ut arely irvelrant. you must be smart. it is playing and racking. and unless we take over all of the
are not on the ai in france and germany. you are killing these poor people. >> they are killing themselves. look a their numbers. want you want to have them. >> they are happy except for millionaire necessary france. >> whi is why they are leaving for belgium which is a tax-haven. 75 or 85 percent. ments to work there? last word from steve. a push to ring in the new year with a mileage tax. will it drive your economy off of the cliff? >> and collegesashing in. they are collecting more application fees and not application fees and not letting more students in. [ malennouncer ] it's tt time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more thayou have to. only citi price rewind automatically searches for the lowest price. and if it findone,ou get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. you know how painful heartburn can be. for
and southern europe. france and germany about going into recession. japan is already in recession. why apply the poison here. you don't put it on taxes on the economy and why put poison in the patient. i don't get it. >> i'm not for tax hikes or anything, but if you kick the can voters are never going to be ready to reform or pay for entitlement reform. don't do entitlement reform. it took two years for reagan to do entitlement reform. sell by date is long past due on these measures to fix fiscal problems. the problem is we're in economic era of falling expectations and that has to stop. >> if we kick the can for six months that gets us to midterm elections? >> yeah, but the flip side of the argument you can pass a lot of bad bills. nancy pelosi, let's pass the healthcare bill so we can see what is in it. the big thing that we need to concentrate on is getting back to 3% growth. this 2% growth, all of our fiscal problems are going to get worse. we only have a prayer of supplying more jobs, bringing down unemployment and braying down the deficit if we have 3% or greater. >> if we do it now, w
taxes have done in europe and southern europe. france and germany about going into recession. japan is already in recession. why apply the poison here. you don't put it on taxes on the economy and why put poison in the patient. i don't get it. >> i'm not for tax hikes or anything, but if you kick the can voters are never going to be ready to reform or pay for entitlement reform. don't do entitlement reform. it took two years for reagan to do entitlement reform. sell by date is long past due on these measures to fix fiscal problems. the problem is we're in economic era of falling expectations and that has to stop. >> if we kick the can for six months that gets us to midterm elections? >> yeah, but the flip side of the argument you can pass a lot of bad bills. nancy pelosi, let's pass the healthcare bill so we can see what is in it. the big thing that we need to concentrate on is getting back to 3% growth. this 2% growth, all of our fiscal problems are going to get worse. we only have a prayer of supplying more jobs, bringing down unemployment and braying down the deficit if we have 3
justices in the land would take that sort of activist role and you mentioned france, dan, that's scary. the back drop of this whole presidential year is europe. we know where the path leads. and the turmoil and welfare states and how unsustainability and the high unemployment that comes with them and that was the back drop of our presidential campaign. >> paul: okay, the voters said, yeah, we're going to keep moving in that direction, kim. i mean, how, what do you think the electorate is here, behind the choices that jason just suggested they might be? >> barack obama won this election by very effectively making this a referendum about his opponent, mitt romney. so if you went out and you asked most americans, do you think barack obama did a great job in his first term? do you want significantly higher taxes? do you want the government to do nothing about spending? are you happy with obamacare? most would say no, but in the end the choice was between a president who said things aren't great, but i'm still going to try to make them better and a guy he painted as not having a plan and no
to the rest of the world, if you look at germany, uk, japan, france, all of whom have very strong gun regulations, we have more gun deaths in one week than they have in an entire year, and the incidents -- the number of times in which guns inside a home are used for self-defense are exceedingly small, on the order of maybe 1 in 15, 1 in 20 as compared to the number of times when a gun is used either for suicide or a homicide. anybody that looks at the data here is quite clear that on the whole, particularly things like assault weapons, create far, far more kor nage in th carnage in this country than they prevent. to a large extent the reason why i think progressives have not been able to mount an effective campaign for sensible gun laws, it's been a failure of the progressive movement, and i think that will now change with progressives. they must realize they have to make this an election issue. all of the polls show that the public is widely in favor of sensible gun regulations. i will point out what i said on friday. president clinton after columbine when we were meeting in the oval
roughly speaking in the likes of italy and france and actually grew for germany. then in q4, it seems that there is a greater degree of destocking i think, materializing. i think that is going to lead to some weakness on the industrial production side and it does appear that the austerity is very much perceived by household and by service sector companies. and that explains this relatively soft data. it's a sign that really we are still in a period of multi-year major fiscal entrenchment and at the same time, we have a very cautious perspective towards taking on debt. both by the suppliers and the demanders of that debt. >> julian, very briefly, will we see more qe? will we see any more next year or not? >> well, it will depend, i think, on how things develop. on our baseline forecast, the answer to that would be no because we are looking for recovery coming through really reasonably significantly from the first quarter of next year with .4% quarter on quarter. >> julian, thanks for that. always good to see you. julian kelly joining us from barclays. which country is more corrupt and
in a financial crisis and ms. lagarde, who heals from tax the rich, 75% france is lecturing america, very interesting. >> meanwhile, european markets are down and because the italian prime minister mario monti m a surprise. is going to resign. and silvio berlusconi wants to replace him. europe is appalled. and people blaming the recession for not having more children. 64 births for one thousand women of child bearing age. half of the peak of the baby boom in the 1950's. our next guest has six children, counts them. and what's that-- >> and naham segal. that works. >> have i got that word? >> and light tte candles. >> if you light them i will come. >> you have six children. >> as do you. >> leave me out of this. >> and others people say they can't afford it you're saying it doesn't matter if you can afford them or not. >> if the price tag of having a child scares you the most, you haven't done the right gut test. stuart: so, go ahead and have the children whether you can afford them or not. >> having children is the investment in the future. if we don't have children now and understanding
, french actor gerard depardu, he is leaving home, leaving france because of higher taxes and handed in his passport. now, the french prime minister has some choice words for mr. depardu. he's obviously in the happy with him and find out exactly what he said at ten o'clock eastern time this morning. time is money. 30 seconds, here is what else we've got for you, an in japan, again, a landslide win, so, what's the new prime minister going to do about the world's worst debt problem? print more money and stimulate more, too. build more infrastructure. will that work? we have our own resident japan expert. question, is jeff immelt's cozy relationship with the president costing general electric shareholders money? we will be discussing it. and i lost on friday when i questioned "the washington po " post's" claim that the senate would be better with more women. i'm not done debating that. more coming up on this program today. and we want to hear from you as well. send your e-mails to varney@foxbusiness.com and we read them on the air. and we read all of them, by the way. i've got news, clearwire
class of course, and i will even throw in a stopover in tax happy france. here is how piers morgan puts his threat to leave, quote, i can spare those americans who want me deported a lot of effort by saying this, if you don't change your gun laws to at least try to stop these relentless tidal waves of murderous carnage then you don't have to worry about deporting me. i'll have my take on piers morgan in our next hour or so. clearly, i've got a dog in this hunt, i am english, i'm an immigrant, et cetera, et cetera, and i've got a strong opinion on pierce morgan. let's go back to kelly jane, what do you think of piers, my good fellow. >> is anybody crying about this, is anybody worried that piers morgan is it going to leave? you know, i hate to be -- i hate to be snarky, but i think that people were very surprised when he got that slot after larry king in the first place and his show has been most successful in giving people things to laugh at the day after. stuart: ooh, that was good, kelly jane. that was really nasty. . [laughter] thank you very much indeed. >> i love the english, i lov
't want to become greece or france or one of these stagnant slow growth welfare states. think evidence is very clear that fiscal policy does matter for an economy's performance. doesn't mean we have a recession if taxes go up but it does mean that government will be bigger and our growth rate in the long run maybe instead of 2.7, it is 2.6. that doesn't sound like much but because of compounding it adds up. adam: dan, i don't think there is any danger we become greece or france in a lot of ways. we're not a socialist country yet and greece is a whole different ball of wax. rich, the discussion about the econy, the spending cuts that they're talking about do put people out of work and that would have a negative effect on the economy, would it not? >> it would, adam. real quick, a bit of news here. president obama will deliver a statement at 4:45, something i imagine we'll cover live here on fox business. adam: we will. >> 5:45 president obama deliver as statement here at the white house. as far as spending cuts are concerned, you see this argument, you typically hear republicans say, go
or france. she was the biggest bundlers raising more than $500,000 for the obama campaign. >>> that's now your top news. you know what? >> i'm trying to breathe in and absorb the last story. all right. there is a new voice joining the immigration debate with hispanic voters overwhelmingly siding with president obama for the second straight election. the trio of latino mega donors including eva longoria are launching a new group aimed at mobilizing that energy and enthusiasm. the primary focus is to grow a strong social media presence and help the white house in passing comprehensive immigration reform. they see this has a chance to work with republicans who may be wobbling after losing a second straight presidential loss. >>> the secretary of state is denying she is running for president for 2016 insisting she just needs time off. michael bloomberg has another idea. according to "the new york times," blook called clinton to encourage her to run for mayor in 2013. the call reportedly took place months ago and hillary said thanks but no thanks. this comes as a recent headline from the new y
was partly to blame. air france 447 crashed into the atlantic in 2009, killing 228. that same year, regional airline, flight 3407, crashed in buffalo, killing 50. >> cogan air was a watershed event in aviation safety, in particular bringing the regional carriers up to standards with the major carriers. >> reporter: the safety culture is spreading, accident rates are dropping, in russia, africa, latin america. experts say there is a real danger here. just when you start to think it can't happen again is very often when you're most vulnerable. tom costello, nbc news, washington. >> when we continue on this new year's eve, two men who have learned some hard lessons, now passing them on and making a difference. the boys use capital one venture miles for their annual football trip. that's double miles you can actually use. tragically, their buddy got sacked by blackouts. but it's our tradition! that's roughing the card holder. but with the capital one venture card you get double miles you can actually use. [ cheering ] any flight, anytime. the scoreboard doesn't lie. what's in your wallet? hut! i
. appreciate it. france is pretty good, too. >> bye. >>> coming up, the early read on the trading session from the futures pits in chicago. >>> first, are you expecting a year-end bonus? what is that? you ever heard of -- no. we have not. a survey by challenger, gray, and christmas finds three out of four -- three out of four? will be handing them out. three out of four. thanks, nick. >> we're the bottom four. >> we're the four. handing them out, up 53%. we get these buttons. that's up 53% from a year ago. [ male announcer ] when gloria and her financial advisor made a retirement plan, they considered all her assets, even those held elsewhere, giving her the confidence to pursue all her goals. when you want a financial advisor who sees the whole picture, turn to us. wells fargo advisors. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 ml350 for $599 a month at your local mercedes-benz dealer. >>> dow futures up. s&p
representative of the syrian people at an international conference in morocco. britain and france, they've already extended full recognition to that coalition. >>> well, secretary of state, hillary clinton, was supposed to represent the u.s. tomorrow at the friends of syria meeting in mow co but she has a -- morocco but she has a stomach flu. >>> congress is scheduled to break for the holidays this friday. as alison burns reports from our washington, d.c. newsroom, both parties have their sticking points. alison? >> reporter: tori, the pressure is on. members of congress are back this morning after a long weekend. and in just about 15 minutes, democrats will be speaking out about the fiscal cliff saying medicaid should not be subject to cuts. in the past 48 hours since president obama and john boehner met face to face, no details on the discussions have -- have been released. the president said he's willing to compromise but maintains his stance on tax increases for the wealthy. >> we ask the wealthiest americans to pay 2%. i won't comhe promice on -- compromise on that >> reporter: and
the rest of that story. heather: then there is that. france's socialist government promising to keep fighting for higher taxes on the rich after its controversial 75% super tax was ruled unconstitutional. greg palkot is live for us in london with these details. hi, greg. >> reporter: hey, heather. you think the wrangle over higher taxes in the states is serious check out what is happening in france. just over the weekend the french constitutional court said a planned 75% tax on those earning the equivalent of $1.3 million or more a year should be thrown out as unfair. it had already been blasted by government critics as anti-entrepreneur and anti-business. one skeptic branding it as fiscal bludgeoning. the government trying to balance the budget on the backs of the rich. it sparked a anecdotal rush of high rollers from the french exits including a well-known actor gerard depardieu who will move next door to belgium. french president hollande is not really defeated. court through a tax out more on a technicality. the government is planning to issue a reworded tax bill soon and there a
or france. those are the kind of alabamaships that go to big donors she has been one of the top political supporters and fundraiser. asked jay carney about this report today he neither confirmed or denied. the nfl player who murdered his girlfriend and then killed himself apparently spent some time before the crime at another woman's apartment. details on that and what his own mother says she saw him do on the day that ended in blood. and word police here in new york city have now caught the suspect who is accused of pushing somebody right in front of a subway. and wait until you hear where they found him. that's ahead from the journalists of fox news on this tuesday fox report. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcar
allen with the top stories from "politico." and mika should be jetting in from the south of france just in time to say hello to her father. first, though, let's send it to bill karins with a check on the forecast. >> good morning to you, joe. you got to d.c. a day too late. yesterday, it had to have been the warmest day you'll see probably till about april. it was 72 degrees yesterday in washington, d.c. it was even in the 60s all the way as far north as buffalo, syracuse and rochester. things are coming back to reality. cold front's heading through. chillier air is arriving, especially western new york. some showers out ahead of that front. if you're leaving the house now in maine, coastal new hampshire down through boston out on the cape, you're going to get light showers over the next hour or on two. you also have a few showers that will be ending shortly. look how warm it is when you step out your door. even at this hour, philadelphia. but look back to your west. the colder air is arriving. already in the 30s, pittsburgh and buffalo. and even buffalo could get snow showers later on
its own u.s. leadership on the world stage countries like france and turkey. this is not an administration that is interested in powerfully projecting american leadership internationally. we now see, of course, the middle east going up in flames. and there is absolutely no leadership whatsoever coming from washington at this time. i describe the obama president's foreign policy as an absolute disaster. one that has significantly undercut key u.s. allies, including of course israel and great britain while appeasing america's enemies on the world stage. from iran, for example through to sudan to north korea and now, of course, we see the situation in egypt significantly deteriorating. and barely a word of condemnation coming from the obama administration with regard to morsi's dictatorship in cairo. >> obviously retreating on freedoms without a doubt, clamping down on personal liberty, religious liberty. that's a big concern with morsi. and human rights activists around the world are very concerned about that we didn't mention benghazi yet. but obviously we hav
will have an opportunity. >> i think, though, of france. would you stay in france? >> of course we will. >> you see people moving out of france. >> we can have opinions about their policies. i think they're doing some things that are counterproductive, by the way, that they're finding that way. the government is a huge part of their gdp, decision making is not really marketing. there's unintended consequences of their policy. for example, if you cannot shut down a poorly performing or money losing factory, what effect will that have on somebody who might want to expand his or her business? if you know that you can never -- if you know you have a liquidity -- illiquidity and can never get out of a position, are you much less likely to go into it? sure. the ramifications and consequence of their policies are starting to be felt there now. we're not going to get out of it. it's a big gdp. we're very active there. some of the greatest companies in the world are french companies. >> i asked this of jamie, and it's an important question, given some of the reputational hit that goldman took ov
is up, the ftse is up, the france, the cac in france has turned slightly down. but, again, this is a marginal loss of about three points. most of the major asian stock markets were higher overnight. and among the catalyst here, signs that china's recovery is gaining traction. sources say that the bank of japan will ease monetary policy this week and consider adopting a 2% inflation target no later than january. policymakers are seen responding to pressure from the incoming prime minister there. shinzo abe for stronger efforts to beat deflation. in the meantime, india's central bank kept interest rates on hold yesterday ignoring pressure to reduce borrowing costs. policymakers said they were shifting the focus to reducing the economy and that raises the odds of a rate cut as early as january. andrew olson, over to you. >> ubs reportedly nearing a fine of up to $1.5 billion. the bank is close to finalizing a deal with regulators according to the financial times. about three dozen bankers and senior managers are said to face criminal or civil charges. >>> and it's official th
theories and major motion picture drove folks to turn out en masse in mexico, france, russia, britain, serbia, turkey, china and elsewhere. now the big question, since we're still here, what to to do about dinner? it could be end of traumatic stay in mexican jail for former u.s. marine arrested on vacation. correspondent steve harrigan has the story of an effort to get their son home for the holidays. >> john hammer's family goal was to get him home by christmas now. his parents, lawyer and congresswoman all say they expect his release today. >> amen, hallelujah, wonderful early christmas president for the family. the community rallied for john's liberty. >> the 27-year-old former marine is a combat veteran who served in iraq and afghanistan. after treatment for post traumatic stress disorder he and another former marine bought a used winnebago and planned surfing trip through mexico and costa rica. hammer's family maintains he declared the antique rifle he planned to use the hunt birds to custom agents on both sides of the border. he was arrested after entering mexico a taken to the
't an opportunity. >> in the 1920s it game clear that the victorious powers of the united states, france, britain weren't prepared to enforce the global order that they had imposed at thefo versailles settlement. and it became obvious to countries like germany and the soviet union that this they could violate with impunity. in 1922 you had two decades leading to the second world wharf this -- war of this regime that wanted to revise the structure of global power and the status quo powers who weren't prepared to enforce it. there was one power and under this administration -- >> is iran the test case for whether or not these countries are going -- europe and the united states and in particular are going to enforce this world order? >> look, you have three presidents, president clinton, bush and obama have said explicitly that a nuclear iran is unacceptable. if the iranians are allowed to walk across the flesh hold with no opposition, that will demonstrate to other would t be aggressiveha regimes that there is no comp on the street. and that's what is happening. >> is this the year for the showdown
to bloomburg news. the editor of vogue may be ambassador to france. the white house had no comment. those are the headlines. that happens all of the time. ambassadorships are favors. 92 but what is her qualification aside from being editor. >> brian: and supporter of mrs. assad. >> gretchen: if you went back in time and look at other ambassador ships >> chris: it could doesn't go to her could go to mr. blackwell. >> brian: finallyy a royall baby bump. kate middleton is meg frant. this morning a scare and why she's in the hospital. >> steve: little boys as well . one making a mission to get a easy bake oven to make changes. call brian on the cell phone and all of you folks in indiana know the number. share the number. ♪ (phone ringing) um... uh... um... hm... umm... uh... oh ! the windows phone 8x by htc on verizon. it features easy to navigate live tiles that are simple to customize. just pin what matters most right to your homescreen. exclusively with data sense-- a feature that makes the most of you plan. only on verizon. i've been fortunate to win on golf's biggest stages. but when j
by the hurricane. donald trump is not a supporter of pesident obama but why anawonter to france. mr. trump here to explain shortly. ♪ ♪ why is it that the most impressive technology often comes with a set of equally impressive instructions ? shouldn't something that's truly advanced, not need much explanation at all ? with the nokia lumia 822 on verizon, there's not much to learn because it's powered by windows... to let you do more than you ever imagined on your smartphone. exclusively with data sense-- a feature that makes the most of your plan. only on verizon. till you finish your vegetables. [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable nutrition they need, fruit taste they love. could've had a v8. or...try kids boxes! hurry in and try five succulent entrees, like ourender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. >> gretchen: 52 minutes after the top of the hour. who ever said there is no such thing with a free lunch dined with uncle sam.
. greece unveiling that $10 billion eurobond buyback. a 52-week high in france and germany. our road map this morning begins in washington where fiscal cliff negotiations according to the "times" has "collapsed." at least for now. with less than a month until the deadline, who blinks first if anyone? >> goldman takes dell from a strength to a buy. is it time to look at the stock and maybe even other players in the beat up personal computer sector? >> manufacturing data out of china. not bad. 50.6. that's the highest in seven months. although shanghai again trades lower even europe's pmi improves a touch in november. first up, we're one month away from the fiscal cliff and so far the white house and congressional republicans are still in disagreement over how to reduce the deficit and avoid a raft of tax hikes and spending cuts. yesterday our own jim cramer and maria bartiromo were on "meet the press" and cramer had a message for fellow panelists and father of the anti-tax pledge, grover norquist. >> most ceos are republican. they're on board. they're not on board with you. they're not on
it on the revenue side. otherwise we're going to be looking at tax rates that would make france's new socialist government blush. you can't get there from here. >> i'll tell you something, jeb, i'm a stock guy. just like you, you don't want to talk about taxes. let's forget about this whole tax side. i want three ways to cut spending by $500 billion right now. how about we take social security up to 68. how about we slash medicare benefits? and why don't we cut the -- the defense budget? why do we need people in europe? why do we need them in japan? what are we doing in decree california? i want some answers to this. >> well, go to the web and look for the republican budget. that was written by the chairman of our budget committee paul ryan. you will see these savings -- >> 30-year, 40-year plan. i want to know what we can do -- >> well -- number one, defense has already been cut. we can debate how much it should be cut further but it has already been cut. i mean that's just a fact. >> but we added -- >> -- defense on the republican side. you have that global war turf. -- good idea. >> say agai
in the world. france, 2.08. the u.s., 2.06, ireland, 2.01. in red, they're looking at next generations that will get smaller and smaller and smaller. the uk, well under 2. china, 1.55. we know they've actually implemented policies because they want to control population. in the bigger picture, fooling around with mother nature in this way could have hugely negative consequences. russia 1.43 and germany, 1.41. at the very bottom of the list, other than certain countries where the information is not available, the bottom of this list was singapore at .78. i know we're dealing with so many issues nowadays and i blow a gasket over many of them, whether fiscal cliff, unfunded liabilities, at some point, growth is the answer. when you start considering where the engines of growth have been and what their population declines may be, it makes one wonder, where is the horsepower from global growth will come from and this at some point needs to affect the picks in your stock portfolio. back to you. >> rick, i'll take it from you, rick santelli. >>> even starbucks is worried about the fiscal clif
working class hero. she was like franc rizzo all of a sudden. the story of the last four years for hillary clinton is republicans laid down for her, and democrats have started -- the democrats with obama and resented her then have gotten over t. the iraq thing is a distant memory. we thought she was the dwroefr whelming front-runner in '08. we were wrong. >> only hillary can stop hillary at this point. we talk about the republican war machine. this year or the last few years dealing with this imagined obama that didn't exist rather than aattacking the person in the oval office. had they done that, they might have a better chance than dealing with this imagined kenyan, socialist, marxist obama, and if they do that to hillary, they will entirely lose. this is an incredible resume. widely admired and no skeletons in the closet. we know this person extraordinarily well. have we seen a household name like this enter the presidential race? i don't think we have. the biggest thing in iraq was the problem in '08. will not be the problem next time. the biggest problem is generally voters don't give
yet. scott, i have a question for you. just noticed today france and germany's stock markets hit 52-week highs. we're still wringing our hands over the debt crisis, and the equity markets are hitting new highs for the year. is it too late to get into those markets? >> i don't think so, bill, at all. all the european markets are up for the year except portugal, which is up slightly. even greece is up year to date. i don't think you're too late on that trade at all. in fact, i think, quite frankly, the structural changes that are happening in europe could produce growth for many years come. >> where are you putting money to work, george? >> the fiscal cliff is sort of the uncertainty du jour. people are always worried about next uncertainty. you need to blow past that and think about where the next good stocks going to be, how can i invest, how can i participate? taxes are likely to go up, but this is a lot of rattling. both sides of the aisle would come together. they'll figure out what's best. at the end of the day, they know they have to help the little guy, the consumer. pool corp
insurance. if we could get france's health care system, widely regarded as the best in the world we could eliminate social security taxes or 80% of individual income taxes and have the same deficit. by the way, if you look at the federal budget numbers the federal budget deficit is coming way down. the economy is improving. higher taxes allow us to create jobs by investing in things that work it. if we replace foundations of granite with sand and that's where steve's ideas lead to, our super structures have to collapse. >> you know, david, i'm hearing three words from you. tax and spend. >> we'll leave it at that. we'll have a rematch to continue the conversation. we don't want to not pay our bills, so i have to take a break. what a great conversation. thanks to you both for bringing the viewers great ideas. stephen moore from the wall street journal and david cay johnston, author of perfectly legal, the covert campaign to benefit the super rich and cheat everyone else, among other books. i have been warning you about the fiscal cliff for months. i call it the economic storm of our own ma
're slowing down in the fourth quarter. i was just in europe. they are in a deep recession. france and germany are going recession. japan's already in recession. they are doing the same thing the democrats want to do here. put on new taxes, and they are just putting their economies in a death spiral. >> this is no time for austerity is what you're argueing? >> what i'm arguing is don't put extra taxes on the economy. we know from europe and japan that does not work. >> okay. >> howard? >> i don't think we ought to kick the can down the road any further. we have a huge deficit. frankly i think ben bernanke has done very, very well stimulating the economy without government interference. i think the thing to do is go right over the fiscal cliff. you'll raise some taxes, yes, that's true, you'll cut defense and some human services. this is the only way we'll have a significant bite out of this deficit. i think the market is going to like this. they say no right now, but when they see that this government is taking on the deficit in a serious way i think they will like it >> you don't think going
, compared to a place like france, where government spending is more than half of gdp. but it is going to keep creeping up and i think we need to be creative and alert to that. >> rose: i want to talk about what is going on in washington now between the president and the speaker, but if we -- if they fail completely and we go over this fiscal cliff what are the repercussions? you know, i mean, there is really a fair chance that they don't come to an agreement for whatever reason the house republicans won't support it and we go into 2013. i don't think that, per say, would be the end of the world because i think there would be a cry and it would get rein reined in after a few weeks and settle on this .. i would view this as a skirmish in a bigger war where you are growing entitlements, government services are getting more expensive. people are going to pay more and get less, and i think it is a very, very difficult tension of how to deal with that and this is just a first stage of that or one of many stages. so i don't think they are going to settle everything. i do hope they come to an
a work permit to work in this country. you can't go to belgium, france. you can't go to mexico and work without a work permit. and we're afraid to even have one. your thought, blake. why don't we even have the basic requirement of a work requirement -- of a work permit? >> actually, i agree with david in the sense that i think the election was actually a clarifying moment here. i'm not one to often say that oh, there were huge policy implications but -- >> got to go. >> from an election. but i agree with david that in this case it was clear there's got to be movement on this. >> i hope so. i really do. thank you, david winston. great guests. thank you, blake, same with you. we're watching "hardball" right now, the place for politics. >>> let me finish tonight with this. i have high hopes for president obama's second term. i have low hopes for the republican opposition in congress. i have rising hopes for the old reasonable republican party out there in real world, the party that resides in the eastern big states and actually deals with the real work of being big state governor, for exam
. in both france and england we've seen a tremendous amount of steps taken for tax avoidance when they hire -- >> people leave. >> my only question, there have been studies done on that in the united states to figure out what the effect would be. my second question would be, back in '08 when the president was debating hillary clinton accepted the concept that every time we've raised capital gains tax, the receipts from that have gone down. every time we've lowered it, they've gone up. he accepted that. i want to know if his opinion is modified or is he considering laying off tax and business investment for fear that it will give us less of it. >> two very interesting questions there about what effect a change in taxes does to behavior. i think you can't deny the fact that it does change behavior. is there right. it is very complicated math. when they start saying it is math, it is really complicated math. you show me someone who can do that study -- >> it goes back to that idea, you raise a tax on something, you'll get less of it! >> no doubt about it. >> jim iuorio, thank you. >>> reminder
national, i believe he was from france. >> right. >> gretchen: then he was able to take -- the judge in the u.s. ruled that he could take the children back to france and she has been trying to fight to get them back. >> exactly. and it's this treaty in the hague and it's meant to help prehave not parents from abducting children burks it seems like it's perhaps doing the opposite. >> steve: so the supreme court is not going to decide necessarily who the child lives with, but will it make any difference, the fact that in the introduction, it said that the mom had a rap sheet. >> yeah. that is exactly right. she had some domestic violence issues in 2010 and also some drunk driving issues or some alcohol-related legal problems as well. so that could play a factor. but of two watch and see. by the way, let me read you a quote from the father's attorney. he says, quote, the miscarriage of justice comes to mind, his name is michael manly. the other side's position is that once a child leaves the boundaries of the united states, it is over. there is nothing you can do about it and that has t
. there are some people who think there should be a ban like in france. there are others that think you can do this in the regulatory margins. let's talk about that when we come back. in keeping the denture clean. dentures are very different to real teeth. they're about 10 times softer and may have surface pores where bacteria can multiply. polident is designed to clean dentures daily. its unique micro-clean formula kills 99.9% of odor causing bacteria and helps dissolve stains, cleaning in a better way than brushing with toothpaste. that's why i recommend using polident. [ male announcer ] polident. cleaner, fresher, brighter every day. but they haven't experienced extra strength bayer advanced aspirin. in fact, in a recent survey, 95% of people who tried it agreed that it relieved their headache fast. visit fastreliefchallenge.com today for a special trial offer. who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises you
, and spain and italy, and france. they all grow slow of the they have extremely high unemployment rates. we would have a slow economy and high unemployment forever if we taxed ourselves like that. gregg: all right. >> this idea that somehow you can't tax the middle class or we won't, it's impossible. if we keep --. gregg: that is a bad idea, right, i get it. i get it. vat. that i get. >> value-added tax is the worst thing. gregg: brian, what is the solution? >> yeah. i, well, if i were king for a day and told to make the economy grow faster, i would cut the size of our federal government. we need to cut spending everywhere because, the best our economy has done in the last 30 years is during the '80s and '90s. that's when ronald reagan and bill clinton cut spending. i would take the clinton tax rates, right now, i would take them. gregg: really. >> they won't hurt the economy, if, i got clinton's spending. he spent one-third less on federal government than barack obama is today, one-third less. we've increased the size of the government by over 33%. gregg:er hereby announce you king for a d
, the comrades rio grille. there are parties in france, brazil, efwhere. >> hopefully it will -- it will bring them luck. >> yes. >>> tara? >> the chp log is looking pretty good at this hour. not a lot of incidents to report. in the south bay, 280 at the 880 split, we have free-flowing traffic. at the bay bridge toll plaza, no metering lights. we did have an earlier stall, ate 0 eastbound. that's in the opposite direction of the commute -- 8 eastbound. that's in the on -- 80 eastbound. that's in the opposite direction. steve? >>> tara? >> it's cold. >> it is cold. >> in fact, i just saw a 29- degree reading in partly sunniton. so there are -- in pleasanton. a few high clouds. not much. this system is falling apart. there it is. one part is going north. one part is going south. we're left in between. 20s and 30s. that 37 livermore is at the airport. it's a very localized event. about two blocks away. it's 32. 3 at oakland. that tells you -- 38 at oakland. that tells you it's cold there. you can see how it is beginning to shear apart. sun, then some clouds. ny clouds really take the edge off. bu
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